GSA Capital Partners LLP decreased its position in Cypress Energy Partners LP (NYSE:CELP) by 59.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,300 shares of the company’s stock after selling 22,901 shares during the period. GSA Capital Partners LLP owned 0.13% of Cypress Energy Partners worth $149,000 as of its most recent filing with the SEC.
Separately, Clarkston Capital Partners LLC raised its position in shares of Cypress Energy Partners by 150.0% in the second quarter. Clarkston Capital Partners LLC now owns 50,000 shares of the company’s stock worth $487,000 after buying an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 3.40% of the company’s stock.
Shares of Cypress Energy Partners LP (NYSE:CELP) traded up 1.5047% during mid-day trading on Tuesday, hitting $9.6531. The company’s stock had a trading volume of 14,101 shares. The company has a 50-day moving average of $8.79 and a 200 day moving average of $9.14. Cypress Energy Partners LP has a 1-year low of $5.28 and a 1-year high of $12.99. The company’s market cap is $114.41 million.
Cypress Energy Partners (NYSE:CELP) last posted its earnings results on Friday, August 12th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.19 by $0.53. Cypress Energy Partners had a negative net margin of 1.28% and a positive return on equity of 0.26%. The firm earned $72.30 million during the quarter, compared to analyst estimates of $75.77 million. On average, analysts expect that Cypress Energy Partners LP will post $0.86 EPS for the current year.
A number of brokerages have recently commented on CELP. Stifel Nicolaus raised Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $10.50 price objective on the stock in a report on Wednesday, September 28th. Zacks Investment Research lowered Cypress Energy Partners from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Finally, Raymond James Financial Inc. lowered Cypress Energy Partners from an “outperform” rating to a “market perform” rating in a report on Monday, August 15th.
About Cypress Energy Partners
Cypress Energy Partners, L.P. is a limited partnership company, which serves energy companies throughout North America. The Company provides independent pipeline inspection and integrity services to producers and pipeline companies and water and environmental services with salt water disposal (SWD) facilities to the United States onshore oil and natural gas producers and trucking companies.
Want to see what other hedge funds are holding CELP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cypress Energy Partners LP (NYSE:CELP).
Receive News & Ratings for Cypress Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Energy Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.